On the footsteps of Tata’s Nano, other reputed car manufacturers have opened the forum for mini cars among them Hyundai is also is on the foray. The company, based in South Korea, is chalking out the plans for small cars at 800cc meeting the market demands of India and similar markets. Currently rated as the world’s fourth largest car maker, Hyundai is in association with its Indian counterpart Hyundai Motor India Ltd for manufacturing this car in India at its Chennai factory, according to the company’s CEO for India. The cost of the car would be around Rs2,42 lakhs – Rs3 lakh which will be on the roads possibly by another two years.
This might be preceded by a yet another small car @RS1.77 lakhs exclusively for the Indian and the Chinese markets, according to the company’s unreliable sources. In this regard, Tata’s Nano is daring more rivals and Maruti Suzuki is also in the muscle show with its entry level car segment in addition to the hot cakes – Alto and Maruti 800 @Rs2 lakh +. In India, Hyundai has the second largest share in the industry and the new mini car is targeted for the emerging markets be it India or any other market in addition, the company is planning to release a sports utility vehicle Santa Fe shortly.